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Articles published in May 2008

 
Property market must get 'greener'
03 May 2008
According to property economist and university lecturer Francois Viruly, South Africa's architects, developers, construction companies and curricula are "not handling green issues". By Kara Michaels
New UK mortgages suffering
03 May 2008
The Bank of England said Tuesday that the number of home mortgages approved in March was the lowest in 15 years of record keeping. Sapa-AP
CT office block sold for R2,85m
03 May 2008
An office building in Maitland, formerly the Standard Bank Building, at 213 Voortrekker Road in Cape Town, has been sold for R2,85m.
Lower Constantia has lots of stock
05 May 2008
Hit by the higher interest rates and the National Credit Act (NCA), Lower Constantia, like many other Cape Town suburbs, now has more stock on the market than has been seen for at least four years.
Overpricing is the real culprit
05 May 2008
Sellers, not legislation, nor rising interest rates or estate agents, was cited as an unnecessary major contributor to the residential property market's slowdown.
April house prices down by 8.6%
05 May 2008
The Standard Bank median house price fell to 530,000 rand in April from 550,000 rand in March, representing a decline of 8.6% year-on-year and 3.6% month-on-month. I-Net Bridge
Marlboro/N3 construction on track
05 May 2008
Construction is on track at the N3/Marlboro interchange. By Nthambeleni Gabara, BuaNews
Hit bullseye with dartboard cabinet
05 May 2008
Our home décor and DIY expert Janice Anderssen shows you how to keep busy when you're bored and hit a bullseye with your buds by building a dartboar
Don't rush an Offer to Purchase
05 May 2008
Property buyers should never allow themselves to be hurried into signing an offer to purchase, even if they're very keen to buy a particular property.
Hidden cost of buying a home
05 May 2008
Buyers are often unaware of the "hidden" costs incurred in buying a home. Diana McIlrath of Shepstone & Wylie Attorneys property department highlights some of the things you need to budget for.
Debt panic plagues property market
06 May 2008
The April rate hike is causing panic amongst homeowners caught up in debt, with many now wanting to sell. By Elma Kloppers, Sake24
Power cuts to boost rentals, prices
06 May 2008
Due to the restricting effect power cuts have on new property development, property analysts concur that in the near to medium term they will be advantageous to property rentals as a result of stock supply not meeting demand. By Kara Michaels
Grahamstown student market shining
06 May 2008
New property developments targeting the student market in the Eastern Cape city of Grahamstown would generate good returns for investors.
Gautrain to boost property growth
06 May 2008
The Gautrain rail link will play a major part in altering the development landscape in the decade ahead.
R35bn released for housing
06 May 2008
According to the social cluster of ministers, positive results are emerging from the implementation of the comprehensive housing programme. By Michael Hamlyn, I-Net Bridge
CT still cheap in global terms
06 May 2008
A luxury apartment in the posh central London suburbs of Knightsbridge and Belgravia will currently set buyers back a cool R720 000/sq m, roughly 10 times what one would pay for top-end property on Cape Town's Atlantic seaboard. By Joan Muller
WC development 60% sold out
06 May 2008
Sixty percent of a mixed use development in Strand in the Western Cape has been sold.
Swellendam guesthouse for sale
06 May 2008
A historical building in Swellendam that is currently run as a guesthouse has now come on to the market.
Nationlink names its top performers
06 May 2008
A team from Bedfordview has been named as the Nationlink estate agency group's top performer of the past 12 months.
Safety first with petrol generators
07 May 2008
Janice Anderssen offers a few safety tips for the many South African homeowners buying petrol generators.
Large Franschhoek home on market
07 May 2008
One of the largest Cape Vernacular villas in the Franschhoek valley has come on the market at a price of just under R10m.
R295m upgrade for CT rentals
07 May 2008
A R295 million project by the City of Cape Town's housing committee is set to improve flats and houses that the city rents out to tenants. By Bathandwa Mbola, BuaNews
'Land reform programme not working'
07 May 2008
Given the deteriorating conditions of the nation's land reform programme as evidenced by new research from the Centre for Development and Enterprise (CDE), executive director Ann Bernstein says current policy is not working for its intended...
CT townhouse on market at R8,5m
07 May 2008
A white plastered Georgian style townhouse in Cape Town's Upper Claremont has come on to the market at R8,5m.
Fractions named a top trend
07 May 2008
JWT, the largest advertising agency brand in the USA, has published its third annual trends forecast, and Ten Trends for 2008 highlights "cooperative consumption" or fractional ownership as one of the trends.
Next 12 months could be difficult
07 May 2008
Unless something suddenly lets up, the next twelve months could become very difficult, especially for the property market, says chief economist from First National Bank, Cees Bruggemans. I-Net Bridge
Big revamp on WR shopping centre
07 May 2008
A large project of R212,5m is underway to redevelop Horizon View Shopping Centre in Roodepoort on the West Rand.
Estate agents board to get teeth
07 May 2008
The bill amending the Financial Intelligence Centre Act (Fica) will give teeth to supervisory bodies such as the estate agents board. By Michael Hamlyn, I-Net Bridge
Madison unit buys stake in UK firm
08 May 2008
Corovest, the property manager in which JSE-listed Madison Property Fund Managers (MDN) owns a stake, said on Tuesday that it had bought a 50% stake in the UK-based Wichford Property Fund Management for GBP11m. I-Net Bridge
CT suburb needs security villages
08 May 2008
Lower Constantia desperately needs security villages, says two area specialists who adds that they have daily enquiries for homes in such villages.
EC to spend R100m on roads
08 May 2008
The Eastern Cape Department of Roads and Transport recently announced that it would spend R100m on reconstructing the province's roads during this financial year. I-Net Bridge
KZN development gets frail care
08 May 2008
A residential development in Hillcrest, KwaZulu-Natal, has officially launched a new assisted living and frail care facility on 26 March 2008.
Buyers chase bargains as rate bites
08 May 2008
Buyer activity on Gauteng's southern border is now firmly centred on affordability, with end users and investors invariably submitting offers of up to 10% below asking price.
R30m home in Knysna estate for sale
08 May 2008
A mansion in a Knysna residential estate is currently on the market at R30m.
R8m for new Daveyton fire station
08 May 2008
The Ekurhuleni Municipality has allocated R8m towards the building of a new fire station in Daveyton. By Gabi Khumalo, BuaNews
'Agent flight' statements slammed
08 May 2008
A leading property executive has strongly taken issue with at least four leaders in the estate agency sector regarding their public statements on the so-called mass exodus of agents from the industry.
Building? Insist on a contract
08 May 2008
90% of payment problems experienced between contractors and homeowners occur due to the lack of a signed contract between the participants. Make sure you have a watertight agreement with your builder.
CT Claremont to get luxury project
09 May 2008
Construction will soon commence on a residential development consisting of eight luxury houses, all freestanding and double storey, on a 3,000sq m site in Claremont's central park area in Cape Town.
'Form land reform task team'
09 May 2008
Sandra Botha, the leader of the official opposition in Parliament and leader of the Democratic Alliance there, on Wednesday backed the call she said was made by the Centre for Development Enterprise (CDE) for the establishment of a task team to...
Foreclosures affecting pets as well
09 May 2008
Humans aren't the only victims of the USA subprime mortgage crisis - some animals lose their families as their owners lose their homes. www.newsdaily.com
Right residential stock has buyers
09 May 2008
It is anticipated that the residential property market, which is experiencing a real low according to the banks, will remain inactive for the rest of 2008. Despite this state-of-affairs, the right residential stock quickly finds a buyer. Kara...
KZN project caters for all budgets
09 May 2008
Building investment in a high security residential and office park development in Pietermaritzburg is expected to exceed R1,5bn by 2015. And despite its exclusivity, the estate caters for a wide range of budgets with stand prices starting from...
Protection for retired home buyers
09 May 2008
The growing trend towards early retirement, together with the attraction of the nurturing community feel of a safe environment for retired people has led to steady growth in demand for retirement villages.
Middle segment price growth down
09 May 2008
According to the latest Absa house price index, released on Thursday, South African house prices in the middle segment of the market slowed to a nominal 6,8% year-on-year (y/y) in April from 7,8% y/y in March, taking growth to an eight-and-a-half...
R1,3bn for affordable housing
09 May 2008
International Housing Solutions (IHS), which opened its offices in South Africa in Rosebank Johannesburg last year, announced today that it has received US$175-million (approximately R1,3-billion) in capital for its newly launched South Africa...
The taxman giveth
09 May 2008
A body corporate, shareblock or home owners' association (HOA) needs to be registered as a taxpayer, and is taxed in terms of SARS' practice note 8. Against this background it appears that a gift from Finance Minister Trevor Manuel has been...
Property market's future uncertain
11 May 2008
A leading SA property executive says one of the things that surprise him most about the current property scene in South Africa is that some of the principals and spokespeople give the impression of knowing exactly where the market is heading.
Private selling gets a new face
11 May 2008
South Africa's private property portal recently announced a number of changes to its structure, which were due to take effect on 1 May this year.
Dress it and sell it
11 May 2008
Selling a house is probably one of the most daunting decisions for many sellers in today's overcrowded property market. It has therefore become critical for sellers to "dress their homes" in order to attract the right buyers. This process of...
Homeowners turn to renovations
12 May 2008
Higher interest rates and the National Credit Act (NCA) may well have forced consumers to think twice before moving house or buying investment properties but it hasn't stopped them from upgrading existing homes. By Joan Muller
Five houses to launch in CT project
12 May 2008
Five houses in a luxury development in Klein Constantia Road, Upper Constantia, will soon come on to the market.
Sectional title living explained
12 May 2008
Sectional title living is still growing steadily but for many the concept behind this type of property is still unclear.
KZN estate all but sold out
12 May 2008
A 197-unit, 42 hectare semi-rural country estate in Durban's Hillcrest is now all but sold out.
Private letting 'a risky business'
12 May 2008
With demand for rentals increasing rapidly, investors who bought to let during the boom will realise a substantial return on their investment. But letting property out privately is a risky business, and owners should consider their options...
Cheaper properties move in Makhado
12 May 2008
After showing 'unheard-of returns' late in 2007, the Makhado property market has succumbed to a degree to the general slowdown gripping the country.
Auction shows confidence in farms
12 May 2008
A 100% success rate was achieved at a multiple commercial farm auction held in the farming community of Swartberg, near Kokstad in East Griqualand, on 29 April 2008.
CT office rental boom continues
12 May 2008
A leading property firm reports a 50% increase in enquiries for office space in the Cape Town CBD, compared to that of 2007.
Sleep in style with bed head panels
12 May 2008
Our home décor and DIY expert Janice Anderssen shows you how to add zest to your bedroom by building a vibey panelled bed head.
Revamped homes spur Karoo tourism
13 May 2008
While still in its infancy, the travel and tourism industry in the Karoo is increasing at a phenomenal rate, spurred on by the restoration and renovation of homes by new property owners who have invested in the broad array of classic Karoo towns.
R11,5bn upgrade for Gauteng roads
13 May 2008
Seven contracts to the value of R11,5bn has been awarded to various tenders to begin work on the first phase of the Gauteng Freeway Improvement Project. By Bathandwa Mbola, BuaNews
Current market correction is normal
13 May 2008
The fact that the Standard Bank's latest Residential Property Gauge records a decline in year-on-year growth is not a cause for alarm, says a leading property executive.
CT hotel to open in October '09
13 May 2008
A 130-room hotel, being built on Cape Town's upmarket V&A Waterfront, is due to open in October 2009.
Jewellery factory for Kimberley
13 May 2008
An investment of R100m has been earmarked for Kimberley, one of the world's most renowned diamond cities, South African state news agency BuaNews reported on Monday. I-Net Bridge
Jhb eco-friendly offices launched
13 May 2008
An eco-intelligent sectional title office building was launched in Fourways, Gauteng, on Thursday.
Group Five gets big road contracts
13 May 2008
Group Five (GRF), a local engineering and construction group, said on Monday that it had been awarded two joint venture road contracts worth R3,5bn. I-Net Bridge
Rates valuations to hurt homeowners
13 May 2008
Last year's introduction of the new municipal rates valuations in Cape Town were the forerunner of the implementation of the new system around the country. Sapa
Rate hike hits growth even harder
14 May 2008
The recent interest rate hike has now made property even less affordable.
EC govt opens R1,3bn wood factory
14 May 2008
Eastern Cape government has recently opened a R1,3bn Steinhoff PG Bison particle board factory, which will double its capacity. By Luyanda Makapela, BuaNews
Sect. title damage: who's liable?
14 May 2008
Be aware of exactly what insurance cover is held by your Body Corporate in a Sectional Title Scheme so you do not end up liable for damages.
R330m industrial projects for fund
14 May 2008
Industrial developments worth R330m are currently under way for one of SA's largest listed property funds.
Market can't handle more rate hikes
14 May 2008
South African households and the residential property market won't be able to handle much more of an increase in interest rates, warns an FNB economist. By Joan Muller, Finweek
Property firm shows good growth
14 May 2008
Property services group JHI announced on Tuesday its results for its first year of operation after merging with Gensec and the company has shown substantial growth during this year with R31bn in assets under management.
Onboard lifestyle 'for the wealthy'
14 May 2008
Visiting some of the world's most exotic destinations and vibrant cities is one thing - being able to view them from your own living room window is quite another. Yet this can now be a reality with the launch of the Four Seasons Ocean...
Office firm acquires two centres
14 May 2008
A serviced office specialist firm has acquired The Office Suites Company from Old Mutual Property Group. This deal will see it add two well-established business centres comprising 4,800sq m of prime office space in Claremont (Cape Town) and...
Hartbeespoort to get retail centre
14 May 2008
A R150m retail centre is soon to be built in Schoemansville, the village that serves the Hartebeespoort Dam area.
Strong franchise sales for RE/MAX
14 May 2008
Despite challenging conditions in many markets, the RE/MAX global network increased its office count and enjoyed a robust year of franchise sales in 2007.
Rawson opens ten new franchises
14 May 2008
Further evidence that many South Africans have faith in the future of residential property and are not overly concerned about the recent slow-down in sales comes with the announcement from Rawson Properties managing director, Tony Clarke, that...
Leapfrog jumps on Jhb north suburbs
14 May 2008
Leapfrog's current footprint is further being expanded with the inclusion of the greater Johannesburg and northern suburbs in the form of the new Sandton Leapfrog branch.
Soweto gets a new park in a day
15 May 2008
A multi-functional, two hectare park has been built in Diepkloof in Soweto in less than 24 hours. By Bathandwa Mbola, BuaNews
Tips to cut homeowners' debt
15 May 2008
With inflation at nearly 10% and interest rates looking set to continue their upward trend, bond finance experlains...
Unit for sale in quiet Simon's Town
15 May 2008
A small one-bedroom unit on a 320sq m plot in Simon's Town, Cape Town, has now come on to the market at a price of R899k.
Mall extension boosts KZN project
15 May 2008
With the third phase of expansion of the Liberty Midlands Mall in Pietermaritzburg now approved - with plans to include a hotel, offices and a value retail centre - 155 of the total of 480 units in a new secure residential development, which is...
Lonrho to buy CT-based build firm
15 May 2008
Lonrho plc (LAF), the conglomerate with a structured portfolio of African investments, plans to buy a Cape Town-based prefabricated building firm for R25m, it said on Tuesday. I-Net Bridge
Chicago Spire to be world's tallest
15 May 2008
For property investors who regard themselves as 'trophy' property buyers, settling for only the best, most iconic properties in the world, then The Chicago Spire in booming Chicago, Illinois must surely top the priority acquisition list.
Power outages increase fire risks
15 May 2008
Open flames from candles or gas stoves pose real fire hazards, especially in households more accustomed to the convenience of electricity.
Horse facilities a property boon
15 May 2008
Of all the factors influencing the values of upper bracket residential property, probably none is more powerful than horses.
Hotel to open in George in 2010
15 May 2008
A definitive management agreement has been signed for the 100-room Hyatt Regency Oubaai, due to open in George in early 2010.
Second phase for Hazeldean complex
16 May 2008
With demand running high among working singles and young couples for accommodation in Hazeldean, to the east of Pretoria, the second phase of a new apartment development is about to launch.
USA, SA property situations differ
16 May 2008
Any suggestion that the South African property market could follow the USA property market in its recent downward plunge, is way off the mark.
Where to buy in Jhb
16 May 2008
Despite all the current doom and gloom, there is still plenty of action in the Johannesburg property market. The question is where?
Mamelodi bridge opened
16 May 2008
The Tshwane Metropolitan Municipality has recently opened the R19,3m Serapeng Avenue and Road-Over-Rail Bridge. By Luyanda Makapela, BuaNews
Maritzburg: White, black mix it
16 May 2008
White homebuyers in the city are now moving into historically black and Indian areas.
MUR's order book swells to R44bn
16 May 2008
South African construction group Murray & Roberts (MUR) said on Wednesday that its order book rose to R44bn at March 31 2008, which is 16% up in the third quarter and almost 100% up over the nine months since June 30 2007. I-Net Bridge
New 18-hole golf course opens in WC
17 May 2008
A new 18-hole golf course in Robertson in the Western Cape opened for play on the 25th of April.
R7,5bn to develop Mpumalanga mines
17 May 2008
BHP Billiton Energy Coal South Africa has invested R7,5bn to help Mpumalanga fight unemployment and poverty by developing and revamping new mines in the area. By Bathandwa Mbola, I-Net Bridge
Show days 'dangerous' for agents
17 May 2008
Lately show houses have been an easy target for criminals, and with the glut of properties for sale now there's plenty to choose from. An agency group has published guidelines for its agents on how to protect themselves and the seller's property.
CT townhouse for sale at R4,995m
19 May 2008
A brand new 400sq m double storey townhouse in Bishopscourt has come on to the market at R4,995m.
CT development re-launched
19 May 2008
A Cape Town development has been re-launched and the new scheme includes a substantially reduced price and a range of "extras".
Agency could be created to buy land
19 May 2008
The Department of Housing may be able to set up an agency responsible for acquiring land on behalf of the state, after a new Bill was recently passed. By Bathandwa Mbola, BuaNews
Property group diversifying
19 May 2008
A leading local property development group has started to diversify away from residential development into commercial, light industrial and retail projects and this move would see them involved in at least five new projects.
Road upgrade contractors announced
19 May 2008
The South African National Roads Agency (SANRAL) on Thursday announced details of the contractors awarded the seven contracts for the first phase (125,5 km) of the Gauteng Freeway Improvement Project (GFIP), amounting to a total of R11,5bn. I-Net...
Southern Cape, Garden Route growing
19 May 2008
An increase in the migration of residents from the big metropolitan areas to the Southern Cape and the Garden Route is leading to extraordinary growth in the region. By Elma Kloppers, Sake24
Paddy Hartdegen – Controversy reigns supreme!
19 May 2008
Paddy Hartdegen, 54, has been writing about the construction, building and civil engineering industries for more than 25 years and has watched the sectors go through the boom-and-bust cycles that characterize these enterprises.
Don't (paint)brush off these tips
19 May 2008
Our home décor and DIY expert Janice Anderssen says before you choose a colour, dip the paint brush, get rolling, or start splashing paint, read the
Transfer Duty Act briefly explained
19 May 2008
Transfer duty is a form of government tax that was introduced as long ago as the 17th century and is still relevant to most property transactions today.
Look for diamond in the rough
19 May 2008
If you're in the market for a property bargain, don't discount that sad suburban house your agent insists on showing you – it may just be a diamond in the rough waiting to reveal its true potential.
Check boundaries when building
19 May 2008
Buying a stand and building a brand new home to their own specifications is a fondly-held ambition for many homebuyers, but they should take particular care to ensure that the building takes place on the stand they have actually bought.
50% drop in WC show house visitors
20 May 2008
The average number of interested buyers attending show houses in the Western Cape has plummeted with 50%, while the show house property stock has increased with 25% compared to the previous year.
R35k / sq m for Pta's 'Embassy'
20 May 2008
Pretoria's new Embassy residential development was launched to the public on Wednesday. The new ultra-luxury development, which will cost close to R1bn, has set a high-water mark on the city's residential property prices at R35 000 per square...
City dwellers downshift to Stilbaai
20 May 2008
The quaint holiday town of Stilbaai on the Garden Route is now attracting middle-aged "retirees" in addition to traditional holiday investors.
Limpopo towns shrug off slowdown
20 May 2008
The towns of Burgersfort and Ohrigstad in Limpopo seem to have shrugged off the property slowdown facing the rest of South Africa.
Crime a leading burden to market
20 May 2008
Although interest rates arguably remain the key driver of the property market deterioration, the spectre of crime may be playing an increasingly important negative role too, especially given the township unrest that has flared up around Gauteng...
SA consortium gets Eskom contract
20 May 2008
A consortium of South African companies including Murray & Roberts (MUR), Grinaker-LTA Civil Engineering and Concor were on Friday awarded the R2,9bn contract for the main civil works at Eskom's Medupi Power Station in Limpopo province. I-Net...
Jhb rates: Complaints cut-off nears
20 May 2008
Johannesburg residents don't have much time to lodge any complaints they might have regarding the new valuation of their property by the municipality. By Bathandwa Mbola, BuaNews
KZN development to get new section
21 May 2008
A KwaZulu Natal resort development will more than double in size when a new section is soon launched.
1% June interest rate rise likely
21 May 2008
With April's rate of inflation having straddled the double digit barrier and apparently still unchecked in its upward trend, expectations of a 1% rate increase at the next Monetary Policy Committee (MPC) meeting on June 12 have firmed, according...
Firms reined in with property deals
21 May 2008
Companies that get involved in property transactions cannot try to wiggle out of the deal at a later stage by assigning unreasonable interpretations to stipulations in the purchase agreement. By Philip de Bruin, Sake24
Gauteng govt to curb housing fraud
21 May 2008
In an effort to curb illegal occupations, fraud and corruption in the allocation of new housing developments, a door-to-door campaign is to be conducted to verify the details of beneficiaries before handing out title deeds. By Bathandwa Mbola,...
Specialised spa opens in Dbn
21 May 2008
SA's first fully integrated Ayurvedic medi-day spa will officially open for practice in Durban's high-end suburb of Durban North.
Hotel development is booming
21 May 2008
Higher interest rates, electricity supply problems and global credit lending fears have clearly not put a hand break on South Africa's hotel development industry, with a number of multi-million rand projects announced in recent weeks. By Joan...
Nelspruit gets virtual office park
21 May 2008
A new virtual office park was established in Nelspruit for businesspeople and entrepreneurs in need of temporary office space. Sake24
Consumers defining fractions market
22 May 2008
The fractional ownership market in South Africa is being driven by consumer demands, not by the promoters, and the projects that will emerge victorious will be those that cater for what consumers are looking for.
Limit sect. title disasters
22 May 2008
The application for liquidation of a well-known managing agency Sectional Title Administrators CC ('STA') based in Cape Town, is only one in what has been a series of managing agent industry failures throughout South Africa.
Property boom a rental boon
22 May 2008
The rental division at a leading estate agency says it had benefited immensely from the property boom of 2002 to 2006 and the increase in investors buying residential units.
Road upgrades to benefit CT node
22 May 2008
With 2010 around the corner, many plans are being made to upgrade Cape Town's infrastructure and make the city more accessible to tourists.
Big Chile project nears completion
22 May 2008
The roof-wetting on Wednesday of the Monticello Grand Casino and Entertainment World outside the Chilean capital Santiago has brought the development one critical step closer to completion. I-Net Bridge
March build plans passed drop 18,5%
22 May 2008
The value of South African recorded building plans passed at constant 2000 prices in March decreased by a telling 18,5% year-on-year (y/y) from a revised down 1% in February (previously down 11,1%), Statistics South Africa (Stats SA) data on...
Tips for first-time home buyers
22 May 2008
Higher interest rates and ever-growing legislative requirements for property ownership, means it is becoming increasingly difficult for the first-time buyer to enter the market.
Measures to protect landlords
22 May 2008
There are a lot of complaints from landlords and property investors saying that the law is on the side of the tenants. It is therefore necessary to point out some facts that are in the favour of the landlords and property investors. By Karen...
Pta's The Orchards has wide appeal
22 May 2008
With a selection of good schools, and amenities in the area like the Orchards shopping centre, Onderstepoort nature reserve and Akasia coutry club and golf course, the area is attractive to a wide range of people. By Zenta Roets
Rebates for home solar initiatives
23 May 2008
Eskom is offering homeowners rebates of 15% to 20% on the cost of installing solar water-heating systems through its Solar Rebate Programme. By Luyanda Makapela, BuaNews
Land claims to miss target
23 May 2008
The department of land affairs is going to miss its target of finalising all outstanding land claims by the end of this year. By Michael Hamlyn, I-Net Bridge
Homebuyers baulk at poor security
23 May 2008
Inadequate security measures are a definite turn-off for prospective homebuyers.
Eskom to build R2,9bn power station
23 May 2008
Eskom has announced that it has awarded a R2,9bn contract to a consortium of South African companies to construct the main civil works at Lephalale in Limpopo. By Luyanda Makapela, BuaNews
Residential building inflation up
23 May 2008
South African residential building costs inflation measured 10,9% in the first quarter, up from a revised 6,8% in the previous quarter, the FNB Commercial Property Finance Residential Building Cost Index showed on Thursday. By Tiisetso...
Knysna project auctioned for R10,3m
23 May 2008
A commercial development on the Garden Route was recently sold for R10,3m at a hotly contested auction.
Chas Everitt opens in Zambia
23 May 2008
The Chas Everitt International property group is making its first foray into Africa in May 2008 with the opening of an office in the Zambian capital of Lusaka.
Aida opens in Zeerust
23 May 2008
Aida has opened a new real estate franchise in Zeerust in the North West province.
Construction sector lacks diversity
23 May 2008
The South African-listed construction and building materials sector is behind the curve when it comes to board diversity, BEE and transformation and governance, a new survey showed on Wednesday. I-Net Bridge
SA construction industry blooming
23 May 2008
The 9th of May 2008 was a big day for the South African construction industry. On that day, the allocation of work amounting to R14,5bn opened a new growth path for the industry. By Antoinette Slabbert, Sake24
Building activity outlook negative
23 May 2008
The outlook for residential building activity remains negative given the pressures faced by households' discretionary income in the wake of rising interest rates and high debt levels. I-Net Bridge
RealNet enters Jhb property market
23 May 2008
There are distinct pockets of the Johannesburg property market that do well even in a downturn - and will do even better in the future.
Black Diamonds can buttress market
25 May 2008
Last year's statistics show that Black Diamonds' collective spending power stands at R180bn per annum, accounting for 28% of total South African spend.
Massive R5bn estate for Harties
25 May 2008
Zilkaats, a massive new development planned for the northern slopes of the Hartbeespoort Dam, will provide 2000 new homes for area. By Tracey Sandilands
Firm gets R2,5bn Transnet contract
25 May 2008
South African construction and civil engineering firm Group Five (GRF), together with its French joint venture partner Spiecapag, has landed a R2,5bn contract to build the R11,2bn new fuel pipeline between Durban and Gauteng from Transnet, it was...
Torrid future for property industry
26 May 2008
The Bureau for Economic Research's (BER) senior economist Dr Charles Martin says that the current economic slowdown in South Africa - which follows on the robust expansion over the past eight years - could start abating from mid-2009.
Knysna estate being developed
26 May 2008
A 52 hectare tract of land is currently being developed in Knysna and the first phase comprising 63 stands have recently been launched.
CT suburb drawing families
26 May 2008
However, the only access roads leading in and out of the area are Koeberg Road and the Otto du Plessis highway, and peak hour traffic leaves many commuters swearing. But this hasn't stopped property in the area being very popular, especially for...
Jhb homebuyers turn to sect. title
26 May 2008
As would-be homebuyers in the Johannesburg metro adjust their aspirations to take account of rising interest rates and higher inflation, sectional title units are selling well relative to freehold homes.
New VAT threshold a property boon?
26 May 2008
In Finance Minister Trevor Manuel's last budget speech it was announced that the annual threshold for VAT will be increased from R300k to R1m, as of 1 March 2008. This is potentially good news for residential home or property owners associations...
SA and US hotel groups join forces
26 May 2008
One of Southern Africa's largest independently owned hotel groups announced that it has formed a strategic partnership with a US-based hotel group to jointly find acquisition and development opportunities in the Americas (Canada, USA, Mexico,...
Xenophobia caused by 'useless' locals
26 May 2008
The xenophobia is largely because foreigners find work but locals don't. Paddy Hartdegen thinks it's because locals are useless.
Forced removals 'not a thing of the past'
26 May 2008
Paddy Hartdegen thought forced removals in SA were a thing of the past. Until an entire community was forced off their recently reclaimed land so th
Tips to create tasteful tables
26 May 2008
Our home décor and DIY expert Janice Anderssen shows how to turn everyday outdoor objects into a funky and interesting trio of tasteful household ta
Get 'voetstoots' facts straight
26 May 2008
Much has been written and said about the controversial "voetstoots" clause in sales agreements, but what does this term as well as its associated terms actually denote?
Jhb retire development launched
27 May 2008
A new lifestyle development for those starting their retirement has recently been launched Johannesburg.
Limpopo farm workers get houses
27 May 2008
Farm workers in Limpopo, who have been enduring long winter nights in drafty mud-houses, have received four bed-roomed houses from the provincial government and their employer. By Nthambeleni Gabara, BuaNews
Gautrain could win esteemed award
27 May 2008
The Gautrain project has beaten 250 top global infrastructure projects and qualified as a semi-finalist in the prestigious international 2008 Bently Empowered Award programme. By Nthambeleni Gabara, I-Net Bridge
Art Deco apartments for sale in CT
27 May 2008
Twelve unique apartments have come onto the market in Green Point, Cape Town, following the restoration of an Art Deco building.
Foreign appeal over land grab bill
27 May 2008
The lobby group AfriForum, linked to the trade union Solidarity, has written to all embassies in South Africa asking them to convince the government here that the Expropriation Bill should not pass. By Michael Hamlyn, I-Net Bridge
Show some neighbourly love
27 May 2008
Neighbours are a fact of life – and you can make your own life easier by keeping your neighbours sweet and talking to them "over the fence" instead of through lawyers.
Market recovery signs appear
27 May 2008
At present, times in the residential property market are tough, but such cycles are nothing SA hasn't seen before and the signs of recovery are already appearing, a leading property economist said on Tuesday.
Guest house on market in WC town
27 May 2008
A guest house in the West Coast town of Darling has come on to the market at R2,995m.
Climate proofing impacts homes
28 May 2008
Lifestyles are changing as a result of climate change, and this is creating a blueprint for more energy-efficient homes of the future. Property players believe climate proofing will soon be a requirement in order to sell homes.
Climate change to hit property
28 May 2008
Already faced with rising interest rates, property owners, especially in coastal areas, can add climate change to the list of worry factors they will face in the future. By Patrick Burnett
CT township relocation gathers pace
28 May 2008
More than 300 Joe Slovo informal settlement families have registered for voluntary relocation to Delft, with the first 100 families already gone and more signing up to move every day.
CT house on market at R13,5m
28 May 2008
A home in Cape Town's Zwaanswyk which is believed to be nearly 100 years old has come on to the market at R13,5m.
Why Expropriation Bill is harmful
28 May 2008
While the strong reaction to the new Expropriation Bill currently before Parliament is definitely not warranted, it is of concern to the real estate industry that any counteraction or protest about expropriations under the new bill will now have...
Jhb city improvement comment needed
28 May 2008
The City of Johannesburg has called on members of the public to submit written suggestions on whether City Improvement Districts (CIDs) should be set up in residential areas. By Rudo Mungoshi, BuaNews
Did foreigners get govt. houses?
28 May 2008
Housing Minister Lindiwe Sisulu on Wednesday drew attention to a perception that the allocation of subsidised housing to foreigners was one of the drivers of the xenophobia that has been racking the country for the past two weeks. By Michael...
CT hotel under construction
28 May 2008
A new five star hotel is under construction in central Cape Town, and the owners have announced that 30 of its rooms and suites are to be offered for sectionalised ownership.
Market conditions boost rentals
28 May 2008
Current market conditions are forcing people to rent rather than buy, and this is resulting in a booming rental market. By Tracey Sandilands
Phase 1 of green estate in KZN sold
29 May 2008
Phase one of an environmentally sustainable estate in KwaZulu Natal is now sold out, and construction has commenced for the first of the 570 homes.
Caution in market good for rentals
29 May 2008
Sentiment has shifted from confidence to caution, however, the effects have been positive in the residential rental market.
Big plots to be found in CT suburb
29 May 2008
The suburb of Pinelands has long been sought-after for its spacious plots, large, well-constructed homes, lush gardens, broad roads and village atmosphere.
Buyers, sellers now more realistic
29 May 2008
The more realistic attitude that real estate agents have for some time now been pleading for with sellers and buyers alike, is at last becoming evident.
June's 200 point hike will hit hard
29 May 2008
A full 100 basis points interest rate hike next month will place homeownership further out of reach of many South Africans, pushing the monthly salary required to buy the average, mid-sized house to a whopping R47 500. By Joan Muller
Xenophobia not good for property
29 May 2008
Estate agents are concerned that the damaged caused to South Africa's international image, as well as security fears inside the country caused by the spate of recent xenophobic attacks, could spell disaster for already struggling property sales....
Industrial space comes to Milnerton
29 May 2008
In order to fulfil the growing demand for large industrial space in Cape Town, Old Mutual Investment Group Property Investments (OMIGPI) is constructing a R123m development in Milnerton. By Elma Kloppers, Sake24
Hospitality gears up for 2010
29 May 2008
As the 2010 Soccer World Cup approaches, there is much debate about the benefits of this major global event for South Africa.
Young buyers like Pta suburb
29 May 2008
Sectional title homes are more popular, according to Deeds Office data, and attract many young and first time buyers. By Zenta Roets
Housing department tackles fraud
30 May 2008
The housing department is expecting to recover R6,8m as a result of fraud investigations in the development and delivery of low-cost housing. By Michael Hamlyn, I-Net Bridge
CT Southern Suburbs still active
30 May 2008
Cape Town's Southern Suburbs property market continues to show resilience despite the tighter market conditions brought on by the National Credit Act (NCA), overseas influences and rising interest rates.
Land bill on list for June deadline
30 May 2008
Fifteen new bills were approved by cabinet this week, including a bill on the acquisition of land for reform purposes. By Michael Hamlyn, I-Net Bridge
Tenants still sitting pretty in PE
30 May 2008
In a national market where property rentals are hardening as many potential buyers are sidelined by rising interest rates and the credit squeeze, Port Elizabeth's rental market is seemingly the exception.
Power boosts Witbank market
30 May 2008
Witbank's property market is showing signs of resilience while markets countrywide soften.
Agent fees a good deal for estates?
30 May 2008
The estate agency accreditation requirement in some upmarket residential estates is once again being called into question – even by agents who are currently accredited.
Gautengers like Grahamstown
30 May 2008
Grahamstown is fast becoming sought after among a new breed of property purchaser - those flocking away from stressful city life to a more peaceful, safer lifestyle in the Cape.
Large CT residential plot auctioned
30 May 2008
Residential land covering 29,603sq m has been auctioned on Friday 23 May 2008.
Tips for buying with a friend
30 May 2008
With high living costs biting hard, young people are buying property with friends in order to be able to afford it.
Transformation blow to industry
30 May 2008
The poor rate of transformation in the real estate industry has been dealt a further blow with the resignation of Nomonde Mapetla, CEO of the EAAB from her role as a trustee of the New Deal Trust which owns 75% of Leapfrog Real Estate Group.
Aida opens in eastern Free State
30 May 2008
Aida has opened a new office in Bethlehem that will also serve consumers in the burgeoning eastern Free State property markets of Clarens and Fouriesburg.
Rawsons achieve 18% sales growth
30 May 2008
Bucking what appears to be a countrywide trend towards an ongoing downturn in sales, the Rawson Property group has had a quarter-on-quarter increase of 18% in the number of units sold - and, says the MD, Tony Clarke, they are confident of further...
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